I recently got an offer for a founding engineer role at a very early stage startup. The product is not out yet and the role is meant to be building the initial product to be sold to customers who have showed interest in it. The startup is in the payment ops space.
The comp offered is 15lpa and equity of 10lac or 0.5% whichever is higher. I have 3.5yrs of experience and left my job in October last year. I had an exponential growth in my package while moving companies and made 45lpa + ESOPS in my last job, starting with 4.5lpa as a fresher.
I know that I might not be able to get the same comp now given the scenarios in the software and tech industry.
I wanted to know how to best analyse a comp package for a founding engineer role, particularly at this point in time?
How many other engineers are there excluding you?
If you’re alone who’s going to build it, then build the startup yourself you don’t need the non-tech guy. He will go out and pitch it to VCs raise money based on your hard work for which he just paid 2lakhs and fired you in second month.
Rethink more of this opportunity again and if if’s only you and 3 other people developing it then build it yourself
Currently the founder is hiring for founding engineers, so I guess i’ll be one of a few.
Also what details do you think I should be knowing or asking the founder to make a sound decision?
I have 6 years experience. My current base/fixed is 60 LPA. (I also got a 5 lakh bonus and 5 lakh of my ESOPs vested this year making my total vested about 30 lakh. So the total comp is 70).
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YOE-1.5
Hi
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